A number of scholarships sponsored by various companies/corporates like Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, OP Jindal Engineering & Management Scholarship are available for the deserving students on the basis of merit and various criteria stipulated by the Sponsors. There are also Government of India Scholarships for SC/ST/MCM students awarded by the concerned Ministries which are facilitated by the Institute.

There are a number of prizes/awards sponsored by the Institute and various organizations for awarding to meritorious students on the basis of their first and second year results.